Renters are not second-class citizens, says upad

Landlords entering the buy-to-let property market for the first time may be pleased to learn that increasing numbers of people are choosing to rent a home.

According to upad, renting was previously the territory of students, however economic and financial pressures now mean that many more people are choosing to do so.

Likewise, social factors such as a flexible working culture and people marrying later in life are also playing a part.

James Davis, founder and chief executive officer of upad, said: "Being a renter nowadays is no longer seen as being a second-class citizen."

He also discussed other positive aspects of renting a home for people, saying it "gives them the opportunity to live in a place that they otherwise probably couldn't afford to live in."

Similarly, landlords could find that they save money in the current financial downturn by drawing up tenancy agreements or a property inventory themselves.

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Published on: December 3, 2008

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